Detailed text transcripts for TV channel - MSNBC - 20171221:20:35:00
System, the highest earners more able to leave will move to florida or texas or other low-taxed states. the fear, they'll lose those people. there are two ideas starting to take shape. first relates to the income tax side. the idea, switch from an income tax to a payroll tax. the weird thing about this bill is that companies can still deduct state and local income taxes. the idea, run the tax through the company. the company takes the deduction, passes it along to the worker. the worker still pays the same tax, gets the same deductions but flows through the company. that's on the income tax si...